INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 30 - Valuation of particular gifts of property  

REGULATION 30-212.09   APPLICATIONS TREATED AS HAVING NO EFFECT  

30-212.09(1)  


If an application for a valuation does not comply with regulation 30-212.02 :


(a) the Commissioner must treat the application as having no effect; and


(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

30-212.09(2)  
If an application for a valuation does not include all of the application fee:


(a) the Commissioner must treat the application as having no effect; and


(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

30-212.09(3)  
If the Commissioner has required the advance payment of a fee under regulation 30-212.07 , and the fee is not paid within the time mentioned in subregulation 30-212.07(4) :


(a) the Commissioner must treat the application to which the payment relates as having no effect after that time; and


(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

Note:

Subregulation 30-212.10(2) is relevant to an application that is treated as having no effect under subregulation (3).




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